What does Ethereum 20 mean
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Blockchain 1.0 era usually refers to the development stage of blockchain application represented by bitcoin from 2009 to 2014. They are mainly committed to solving the problem of decentralization of currency and means of payment; After 2014, developers pay more and more attention to solve the technical and scalability problems of bitcoin. At the end of 2013, vitalik buterin released Ethereum white paper "Ethereum: next generation smart contract and decentralized application platform", which introced smart contract into blockchain and opened the application of blockchain outside the currency field, thus opening the era of blockchain 2.0< The so-called smart contract is actually a kind of computer contract that can be automatically executed based on prescribed trigger rules. It can also be regarded as a digital version of traditional contract. It was proposed by interdisciplinary legal scholar and cryptography researcher Nick Szabo more than 20 years ago. This technology was once not used in the actual instry because of the lack of programmable digital system and related technologies, until the emergence of blockchain technology and Ethereum provided a trusted execution environment for it
compared with bitcoin, Ethereum is a complete scripting language of Turing, which supports developers to create and publish arbitrary decentralized applications on the platform. Since its birth, there have been more than 200 decentralized applications based on Ethereum in the world
the chief researcher of bitwindow blockchain said: in the era of blockchain 2.0 represented by Ethereum, blockchain technology has graally expanded from the field of currency and payment to the field of finance. With the development of technology and the wider application of blockchain, the era of blockchain 3.0 beyond the monetary and financial fields will be around the corner. This article is excerpted from bitwindow. China's professional blockchain and digital currency instry analyzes the media, and adheres to a neutral, objective and dialectical attitude to understand and interpret the latest trends of blockchain and digital currency
Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on theblockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
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Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
Ethereum is not only a database, it also allows you to run programs in the trusted environment of the blockchain. Ethereum has built a virtual machine named EVM (Ethereum virtual machine) on the blockchain. EVM allows code to be verified and executed on the blockchain, providing guarantee for code to run in the same way on everyone's machine. These codes are included in the smart contract. In addition to tracking the account balance, Ethereum uses the same method to save the EVM status on the blockchain. All nodes process the smart contract to verify the integrity of the contract itself and its output.
trc20? As we all know, there are many professional terms in the blockchain instry, especially some words related to technology, which are relatively obscure for many investors, but some common words we need to understand, such as erc-20 and trc-20 mentioned in this paper. When we mention these two words, we have to mention usdt, and about usdt, As we all know, it is one of the entry currencies, a stable currency issued by tether company based on the 1:1 US dollar peg. So what does trc20 really mean? What does trc20 mean? And what's the difference between trc20 and erc20< br />
What does trc20 mean
rc20usdt is a stable currency jointly issued by wave field Tron and Teda Company tether. Compared with the old stable currency (omni usdt, erc20-usdt, etc.), trc20-usdt has greatly optimized the transfer fee and transaction confirmation speed
in terms of fees, trc20-usdt can realize free transfer. According to the withdrawal fees of mainstream exchanges, usdt based on Omni protocol has the highest withdrawal fee, ranging from US $4 to US $10, erc-20 from US $1 to US $5, and trc20-usdt has zero withdrawal fee, which means that users can enjoy the withdrawal service of exchange free of fees
in terms of transaction confirmation speed, usdt based on wave field network gives full play to the performance advantages of the third generation public chain. Wave field network's TPS can reach thousands of levels, and can realize transaction second level confirmation, which is significantly better than Omni (transfer confirmation takes 10 minutes to several days) and erc20 (minutes to several hours). The extremely fast transfer speed can meet the various needs of stable currency users, and avoid the damage to the interests of investors caused by network congestion
what is the difference between trc20 and erc20
1. Trc20 features
1
Yes! There is no service charge for transferring usdt in wave market, but there will be service charge for withdrawing trc-usdt in the exchange (charged by the exchange). Address example: (trc-20 contract)
2. It is still under test
most exchanges support the recharge of trc-usdt, but because trc-usdt is still under test, the recharge of the exchange is closed< Second, erc20 features
1. The type of service charge paid is eth
erc-usdt is the same as the token on other Ethereum, which is stored in Ethereum address, so the type of service charge to be paid is eth every time the transfer is made. Address example: (erc-20 contract)
2. Most exchanges support full withdrawal, and the withdrawal limit is low
basically, the mainstream exchanges support erc-usdt withdrawal, and they can choose to mention BTC address or eth address when withdrawing money. Moreover, taking fire coin as an example, the minimum withdrawal limit of erc-usdt (2 usdt) is currently less than omni usdt (200 usdt)< Different from omni usdt, erc-usdt can support smart contracts. In mainstream Ethereum browsers, you can query erc-20 usdt transactions. Interested users can go to tokenview's Ethereum browser to query erc-usdt transaction details
What does trc20 mean? Through the above introction, I believe you have some understanding of what trc20 means. As we all know, the advantages of trc20 can make investors feel good about investing in this kind of stable currency. With the halving of bitcoin, investors are uncertain about bitcoin, which aggravates investors' choice of stable currency, Therefore, some people in the currency circle think that the rise of trc20 as a global stable currency is the inevitable result of market choice